Kaieteur News

• Exxon made US$160 million per day in last quarter as oil prices surged

  (CNN) Big Oil is minting money. ExxonMobil and Chevron, the two biggest US oil companies, reported gangbusters profits on Friday driven by the spike in global oil prices unleashed by the US-Iran war. Exxon raked in US$14.5 billion in profit during the second quarter, more than doubling its year-earlier earnings and its highest haul since […]

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• Govt. deliberately hiding poverty statistics in oil rich Guyana – Bloomberg reports

  (Kaieteur News) – In a country historically blessed with abundant resources and more recently, black gold or oil as we know it, Guyanese continue to complain about the economic strains they are faced with, as government keeps data from the public regarding poverty levels in the country’s season of bounty. Raising this red flag in a […]

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• Oil price rises after Iran says it stops ships in Hormuz

  (Reuters) – Oil prices rose on Friday after Iran said it had stopped two vessels seeking to exit the Strait of Hormuz, underscoring concerns over global energy supplies following a drone attack on ships in a Mediterranean Egyptian port this week. Iran said four other tankers turned back after its forces intervened, although the Iranian […]

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